PT Golden Energy Mines Tbk (GEMS) achieved a surge in performance until the end of the third quarter of 2022. The coal mining company posted a net profit of US$ 472.88 million in the first nine months of this year. GEMS's net profit soared 140.63% on an annual basis from the previous US$ 196.53 million.Golden Energy recorded revenue from customer contracts worth US$ 2.06 billion until the third quarter of 2022. GEMS's revenue soared 94% yearon year (YoY) from US$ 1.06 billion.Golden Energy's surge in revenue mainly came from overseas sales. GEMS's export sales jumped 126.99% to US$ 1.5 billion from US$ 66.84 million previously. Meanwhile, GEMS's domestic sales increased 42.02% to US$ 562.12 million from US$ 395.81 million previously.Golden Energy's cost of goods sold soared 97.96% to US$ 1.13 billion. So that Golden Energy's gross jumped 91.92% to US$ 931.69 million.Despite the decline in financial income, Golden Energy also recorded a decrease in financial expenses and other financial expenses. GEMS also recorded a foreign exchange profit of US$ 1.65 billion. Last year, Golden Energy recorded a net foreign exchange loss of US$ 1.72 billion.Image source: DOK/GEMSSource: https://investasi.kontan.co.id/news/laba-bersih-golden-energy-mines-gems-melonjak-140-hingga-kuartal-ketiga-2022

PT Aneka Tambang Tbk (ANTM) reported the results of the nickel segment's operational performance throughout the first nine months of 2022. As a result, ANTM's nickel production and sales experienced a correction in this period.As of September 2022,ANTM's unauditedferronickel production volume was recorded at 18,088 tons of nickel in ferronickel (TNi). This number decreased by 5.27% from the achievement ofunauditedproduction for the first nine months of 2021 of 19,096 TNi. In the third quarter of 2022,ANTM's unauditedferronickel production rate was recorded at 6,106 TNi, a decrease of 3.09% from the second quarter 2022 production of 6,301 TNi.ANTM recorded ferronickel sales performance throughout the first nine months of 2022 of 17,269 TNi. This achievement decreased by 8.53% fromunauditedsales in the same period last year of 18,880 TNi.However, in the third quarter of 2022, unaudited sales volume reached 7,646 TNi, a significant growth of 93% compared to theunauditedsales volume in the second quarter of 2022 of 3,962 TNi. This growth is in line with the condition of industrial recovery and the increase in absorption of ferronickel products in the third quarter."The company believes that ANTM's nickel segment performance will consistently grow in line with strengthening global economic conditions anda positive outlook fornickel commodity absorption," explained ANTM Director of Operations and Production I Dewa Wirantaya, Wednesday (9/11).ANTM also reported the results of the nickel ore segment's operational performance throughout the first nine months of 2022. ANTM recorded nickel ore production of 6.22 million wet metric tons (wmt), a decrease of 25.06% compared to the production volume in the same period last year of 8.30 million wmt.The realization rate ofunauditedsales of nickel ore in the first nine months of 2022 to the domestic market was 4.75 million wmt, a decrease of 17.6% compared to sales in the third quarter of 2022 of 5.76 million wmt.In the third quarter of 2022 alone,unauditednickel ore production reached 1.82 million wmt, an increase of 23% compared to production in the second quarter of 2022 of 1.48 million wmt. The achievement ofunauditedsales volume of nickel ore in the third quarter reached 1.71 million wmt, growing 142% from sales in the previous quarter of 708 thousand wmt. The increase in sales figures is in line with the recovery in the absorption rate of domestic nickel ore of third-party customers and the stabilization of global nickel prices.Image source: REUTERS/BEAWIHARTASource: https://industri.kontan.co.id/news/aneka-tambang-antm-catatkan-penurunan-volume-produksi-dan-penjualan-nikel

The government continues to echo the pursuit of Net Zero Emission (NZE) targets by 2060 or above fast, Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif said Indonesia will produce 1.5 giga tons of CO2 by 2060."The value of these emissions occurs when we just do business as usual without any attempt to shift using more environmentally friendly energy," Arifin said at the side event forum B20 Summit, Signing Agreement B20 Task Force, Sustainability & Climate Business Action in Nusa Dua Bali, Sunday (13/11).One of the efforts made according to him is by switching to using electric vehicles, which electric vehicles do not emitting exhaust emissions so that it is more environmentally friendly.Furthermore, Arifin described the condition of the sector transportation today, where the number of vehicles in Indonesia reaches more than 140 million units. "Of these, it is dominated by two-wheeled vehicles (motorbikes), which amount to about 120 million units," said Arifin.He described, if a motorcycle consumes 1 liter of fuel per day, that equates to about 1 million barrels of oil. And if it is adjusted to the current price of oil, then the amount of money burned is more than USD 100 million per day."That's why the government has a program converting fuel-based motors into electric motors," concluded Arifin.For information, on the energy transition roadmap to achieve NZE, the government targets at the 2021-2025 stage, the number of Electric vehicles 300,000 units of cars and 1.3 million units of motors. While on Phase 2026-2030, the number of electric vehicles is targeted at 2 million units of cars and 13 million units of motors.Image source: KEMENDAGRISource: https://www.esdm.go.id/id/media-center/arsip-berita/dorong-emisi-nol-bersih-pemerintah-serius-kembangkan-kendaraan-listrik

At the B20 Investment Forum last Friday, the Ministry of Investment/BKPM signed a Memorandum of Understanding (MoU) with CNGR Advanced Material Co Ltd. This company is a ternary precursor manufacturer from China.The signing of the memorandum of understanding was carried out at the Bali Nusa Dua Convention Center. This is the first step in a long-term project cooperation agreement with a total investment value of US$ 5 billion or Rp 77 trillion (exchange rate of Rp 15,400).In the memorandum of understanding, the Ministry of Investment/BKPM is responsible for helping CNGR obtain all project permit issuances and investment incentives from the government.The signing of this memorandum of understanding was carried out by Secretary of the Ministry / Chief Secretary of BKPM Ikmal Lukman and Chairman of CNGR Advanced Materials Co Ltd Deng Weiming. Minister of Investment/Head of BKPM Bahlil Lahadalia, who witnessed the signing, affirmed the government's commitment to make the electric vehicle ecosystem program a success."Indonesia is consistent in economic transformation through downstreaming, this happens because of reforms through the Job Creation Law. Currently, all licensing is centralized in the Risk-Based Online Single Submission (OSS) system," said Bahlil in a written statement, Saturday (12/11/2022).Image source: Dok. BKPMSource: https://finance.detik.com/berita-ekonomi-bisnis/d-6402886/perusahaan-china-ini-bakal-garap-investasi-rp-77-triliun-di-ri

Hyundai Motor Company (HMC) and PT Adaro Minerals Indonesia Tbk (ADMR) signed a Memorandum of Understanding (MoU) to guarantee a stable supply of aluminum amid increased demand for automotive manufacturing.This corporate action was carried out on the sidelines of the B20 meeting at the Bali Nusa Dua Convention Center, Indonesia, by Jaehoon Chang, President and CEO of Hyundai Motor Company and Garibaldi Thohir, President Commissioner of PT Adaro Minerals Indonesia, Tbk."Hyundai Motor Company has started operating its factory in Indonesia and is actively cooperating with Indonesia in various fields where the company can synergize in the automotive industry in the future, for example by investing in joint ventures that produce battery cells," said President and CEO of Hyundai Motor Company, Jaehoon Chang, Sunday (13/11).Jaehoon stated that this aluminum smelter cooperation is also expected to strengthen the partnership between Hyundai Motor Company and Indonesia with stronger synergies.President Director of ADMR, Christian Ariano Rachmat said this collaboration reflects investor confidence in Indonesia's mineral downstream process in the world's largest green industrial area located in North Kalimantan."With the support of all stakeholders and Hyundai Motor Company which has a track record, experience and cutting-edge technology for electric vehicles, we expect to reach the commercial operating date (COD) in the first quarter of 2025 and produce 500,000 landfills of aluminum in the early stages," he explained.This cooperation is also carried out to form a comprehensive and cooperative system for the production and supply of aluminum by ADMR through its subsidiary company PT Kalimantan Aluminium Industry (KAI), which will be mutually beneficial for both parties.The points of cooperation in this Memorandum of Understanding include the production and supply of KAI-produced aluminum and HMC reserves the right to purchase KAI-produced aluminum at an early stage.Then, the first negotiations regarding the purchase of low-carbon aluminum produced by KAI in the future (undetermined offtake volume in the range of about 50 thousand landfills to 100 thousand landfills).Aluminum in Indonesia, which is rich in natural resources and energy, is seen as competitive in the future. Green aluminum is classified as low-carbon aluminum produced using hydropower, an environmentally friendly source of electricity.The aluminumis also expected to be an aluminum supply that meets HMC's carbon neutralization policy amid increased demand for aluminum among global automakers. In addition, supply and demand have become unstable due to unexpected situational variables that have driven up energy prices for aluminum production.Image source: www.tambang.co.idSource: https://www.tambang.co.id/amankan-pasokan-aluminium-untuk-kebutuhan-otomotif-hyundai-gandeng-adaro-minerals-indonesia

In order to build an electric car battery ecosystem in Indonesia, President Joko Widodo (Jokowi) invited Australian Prime Minister Anthony Norman Albanese to cooperate.Understandably, Australia has lithium potential that can be combined with Indonesia's nickel potential for the production of electric car batteries."I just offered to Prime Minister Anthony Albanese, in Australia there's lithium, we've got nickel. If combined, it will become an electric car battery," said Jokowi at the 2022 B20 Summit Indonesia, Monday (14/11).However, the offer has conditions. Jokowi requested that if the downstream cooperation of electric car batteries is realized, the production process will be carried out in Indonesia. This means that Australia needs to send lithium to Indonesia to downstream electric car batteries."But I ask Prime Minister Albanese for his lithium to be brought to Indonesia only. Together, we are downstreaming in Indonesia," Jokowi invited.The government continues to encourage the implementation of downstream in all industrial sectors. One of them is in the new energy sector, namely the downstreaming of the electric-based vehicle industry.Just so you know, the government has inaugurated the implementation of the plan for the second phase of integrated electric batteries in the Integrated Industrial Area, Batang, Central Java last June. Downstreaming electric batteries in Batang is the first investment in the world to integrate the production of electric vehicles from upstream to downstream.Starting with nickel mining smelters, precursor plants, cathode factories then electric batteries, battery packs to electric cars. Coupled with the battery recycling industry which will also exist in Indonesia.In addition, Indonesia is currently encouraging downstreaming in the mining industry. The government has stopped importing nickel in the form of raw materials.With downstreaming, nickel exports jumped to IDR 360 trillion from previously only IDR 15 trillion per year. This is what makes Jokowi getol encourage downstreaming in Indonesia.After nickel dystop, the plan is that in 2 years the government will stop exporting raw materials for asphalt, tin, bauxite to copper.Image source: SETNEG/BPMI SetpresSource: https://nasional.kontan.co.id/news/bangun-industri-baterai-mobil-listrik-jokowi-ajak-australia-suplai-lithium-ke-ri

Harita Nickel, developed a nickelsmelter on Obi Island, South Halmahera, North Maluku. The company invests up to USD 1 billion or more than RP 15 trillion.Harita Nickel Head of HSE & Sustainability Tonny Gultom admitted that nickel is currently being targeted. This is in line with the intensive production of electric vehicles or cars.Understandably, nickel is one of the main raw materials for producing battery raw materials. "The future of the nickel industry going forward is very bright. Kit is fortunate to have the potential of nickel natural resources," he said during a media gathering in Bogor, Saturday (5/11/2022).Before the electric vehicle boom, he explained that nearly 70 percent of nickel was the raw material forstainless steel products, then 16 percent of batteries.Going forward, this composition is predicted to change. Where, 40 percent will supply the raw material needs of electric vehicle batteries and the rest for stainless steel.Long before the era of electric cars, Harita was a pioneer in producing mixed hydroxide precipitate (MHP). For your information, MHP is one of the raw materials for batteries which, among others, are used for electric vehicles."We have not planned to develop a battery-producing industry development business because it is not easy," said Tony.Harita Nickel currently has five subsidiaries, each company engaged in Nickel mining.The five companies are PT Trimegah Bangun Persada (TBP) and PT Gane Permai Sentosa (GPS). The other three are engaged in the downstream sector, namely PT Halmahera Jaya Ferronicel (HJF), PT Halmahera Persada Lygend (HPL), and PT Megah Surya Pertiwi (MSP).Image source: Harita NickelSource: www.liputan6.com

PT DAHANA attended the InternationalMining and Resources Conference + Expo (IMARC) which was held at the international Convention & Exhibition Center, Sydney, Australia, on November 2-4, 2022. The presence of DAHANA cannot be separated from the recommendation of the Ministry of Energy and Mineral Resources (ESDM) to the Investment Coordinating Board (BKPM) to be part of the delegation of the Republic of Indonesia.IMARC is Australia's largest mining industry conference and exhibition, connecting mining world leaders with technology, finance and the future. The exhibition, which was held for three days, was packed with various discussions that presented world mining experts and entrepreneurs such as discussing Mining Value Chain.General Manager of DTU 2 DAHANA, Abdul Haris said, this activity is a step by the government to encourage Indonesian companies to expand the market in Australia. There were several agendas that DAHANA participated in in this event, such as being a panel discussion speaker with Deputy Minister of Investment (BKPM) Indra Darmawan, Executive Director of EMR, Toni Manini, and chair of Minerals, Energy & Industry Australia Indonesia Business Council (AIBC), Geoffrey Gold, in a Conference themed Indonesian Mining and Downstream Investment."In the discussion, we conveyed the profile of DAHANA company which has a drilling & blasting services business line in Indonesia, and has served many mines in Indonesia, both with the status of Domestic Investment (PMDN) and Foreign Investment (PMA). In addition, we also explained how DAHANA products have been trusted by the Australian market which routinely imports DAHANA explosives in the last three years," Haris said.In addition to being a speaker, DAHANA also carried out various other activities, such as participating in the Indonesian Delegation meeting which was also attended by the Indonesian Ambassador, the Indonesian Consulate General in Australia, and the Deputy Minister of BKPM with mining entrepreneurs in Australia. At the meeting, DAHANA conveyed the superior product capabilities and Human Resources that have been trusted in Indonesia and Australia.DAHANA also had the opportunity to attend a banquet with the Austalia Institute of Mining and Metal Energy (AusIMM), and meet with Australian mining businesses. In this activity initiated by BKPM and AIBC, DAHANA participated in a networking process with several employers and the Workers' Association in the Australian mining sector.In addition, DAHANA also promotes its superior products at BKPM's booth. Haris added that when at the booth he met with Australian mining industry players. In addition, there are also representatives of Indonesian mining companies, such as Merdeka Cooper and Gold, Agincourt-Martabe, Bukit Asam, and Pama Persada."In addition, the Australian government through the Australia Trade and Investment Commission on Natural Resources has also invited DAHANA to hold follow-up meetings with several Australian companies that will have something to do with DAHANA's business. We hope that with the presence of DAHANA in this IMARC Event, DAHANA will become better known in the mining industry in Australia and can increase sales of Dahana products in Australia in the future," concluded Haris.Image source: PT DAHANA. ANTARA/DAHANASource: https://www.antaranews.com/berita/3224337/perluas-pasar-australia-dahana-hadiri-imarc-australia-2022

Jakarta, CNBC Indonesia-The energy transition is crucial and urgent as the world responds to the global challenge of building a more resilient global energy system. But to do so is not as easy as turning the palm of the hand.So there needs to be synergy or collaboration that needs to be done by both the government and the private sector.Director of PT Bayan Resources Indonesia Tbk Alexander Ery Wibowo himself revealed that industry players have made various preparations to support government programs in pursuing the NZE 2060 target.Especially for BYAN, Alexander said, his party has implementeda green miningprogram in an effort to support the government's efforts.The various things that BYAN has done ranging from the process of water management, waste management and post-mining land to the use of new renewable energy."We're still in the business plan, the (transition) plan. In practice, we have implementeda green miningprogram," he said at the CNBC Indonesia G20 Forum with the theme 'The Future of Indonesian Energy Transition, Monday (7/11/2022).He sees that coal industry players are still preparing themselves so far in terms of funding, to encourage the energy transition. This is because the cost of the energy transition is not small.So that the industry is taking advantage of opportunities such as recording better finances, implementingcorporate good governanceso that it can find funding easily.With strong funding, he is also optimistic that the coal industry can encourage the acceleration of the energy transition."I think the opportunity exists. Coal prices in the last 3-4 years have been good. It can support the financial health of the company. So preparingfor the abilitybank is important to implement the energy transition," he explained.Image source: CNBC Indonesia TVSource: https://www.cnbcindonesia.com/market/20221107121830-17-385655/direktur-byan-sebut-industri-siap-untuk-transisi-energi

-The largest and most integrated economic media CNBC Indonesia held the Road to CNBC Indonesia Award 2022: The Best Energy and Mining as a form of appreciation for energy and mining companies. Especially for its critical role in reducing the energy crisis and ensuring a sustainable recoveryFor The Most Transformative Energy Company category, Road to CNBC Indonesia Award 2022: The Best Energy and Mining was given toPT TBS Energi UtamaTbk (TOBA). This award was handed over directly to theDirector of PT TBS Energi Utama Tbk Juli Oktarina."First of all, we would like to thank CNBC Indonesia for the award. Hopefully this award will encourage us to remain focused on developing our business, our NRE business and Electrik Vehicle business, and in order to support government programs in order to reduce emissions and towards energy transformation," he said in the Road to CNBC Indonesia Award 2022: The Best Energy and Mining, Tuesday (8/11/2022).He revealed that currently TBS Energi Utama is developing a new and renewable energy (EBT) business and an EV business. This is in order to help strengthen energy security as well as efforts to pursue the net zero emission target in 2060."Indeed, we are currently in the construction stage for a minihydro plant. In the future, we will focus on wind power and biomass," explained Juli.According to him, the energy transition must inevitably be improved. This is in addition to reducing dependence on fossil energy, to support the reduction of carbon emissions.Image source: CNBC Indonesia TVSource: https://www.cnbcindonesia.com/market/20221108113317-17-385981/toba-raih-penghargaan-the-most-transformative-energy-company